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As simple as possible: 00 level trading

  • #35,101
  • May 1, 2020 10:13am May 1, 2020 10:13am
Still an update from yesterday. The 2nd pending order on EJ also had been triggered and went to SL. Too much painful that I did finish for that day. Because of Bank Holiday for the EUR I didn't expect much for today but, surprisingly I was proofed wrong! I took some trades accordingly to the system but then I decided to trade free style scalping and the market has had a lot to give back to me.
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EJ with nice momentum:
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My total for today:
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Wishing you all a nice weekend.

Jibala

P.S. Yes, I did the burpees for violating on AJ / NJ
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,102
  • May 3, 2020 4:47pm May 3, 2020 4:47pm
can you share your indicator Jibala . thank
  • #35,103
  • May 4, 2020 1:21am May 4, 2020 1:21am
Quoting JibalaPasan
Still an update from yesterday. The 2nd pending order on EJ also had been triggered and went to SL. Too much painful that I did finish for that day. Because of Bank Holiday for the EUR I didn't expect much for today but, surprisingly I was proofed wrong! I took some trades accordingly to the system but then I decided to trade free style scalping and the market has had a lot to give back to me. {image}{image}{image}{image}{image} EJ with nice momentum: {image}{image}{image} My total for today: {image} Wishing you all a nice weekend. Jibala P.S....
hello Jibala,

nice trading what you are doing here!
do you recommend to trade with a true ECN (and pay commissions) or work with a broker which has higher spreads instead of commissions?
trading is like dancing, don't think and just listen to the music!
  • #35,104
  • May 4, 2020 1:40am May 4, 2020 1:40am
Quoting kabukyboy
can you share your indicator Jibala . thank
Hello kabukyboy,

please go back to page no.1 and use the paperclip on top. You will find everything you need for this system.

Gud luck and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,105
  • May 4, 2020 1:50am May 4, 2020 1:50am
Quoting birdland
{quote} hello Jibala, nice trading what you are doing here! do you recommend to trade with a true ECN (and pay commissions) or work with a broker which has higher spreads instead of commissions?
Hi birdland,

ever since 2014 or so, after we joined this thread to follow Udines system, we work together with a true ECN broker, who offers small spreads. Scalping for some mere pips with high spreads doesn't make a sense.

Gud luck and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,106
  • May 4, 2020 2:42am May 4, 2020 2:42am
A new week with hopefully some nice trading opportunities!

I started the system already last night just to take a screenshot of the CSM. And that's how it worked thru the night:

From the left to the right starting at 00:03 am / 07:52 am (just before entering the trade) / 08:47 am
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My entries right after Frankfurt open with just the last peak of the momentum on GJ & GU
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Guys, I'm really happy to get these two trades just before that massive pullback! The more safe entry was 1 level earlier on both pairs. Wow wow wow, lucky me again.

Wishing you all the best for the week.

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,107
  • May 4, 2020 4:20am May 4, 2020 4:20am
Bonus Trade on GJ
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Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,108
  • May 4, 2020 4:45am May 4, 2020 4:45am
@birdland

Those are current spreads with our broker. Starting with 0.00 for EURUSD. That's ok, for the recommended pairs to trade.
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Btw, I did some research on the thread and I saw that you've been trading the system in 2015. Do you still use Udines system or did you change your trading style already?

Gud luck and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,109
  • May 4, 2020 5:20am May 4, 2020 5:20am
Quoting JibalaPasan
@birdland Those are current spreads with our broker. Starting with 0.00 for EURUSD. That's ok, for the recommended pairs to trade. {image} Btw, I did some research on the thread and I saw that you've been trading the system in 2015. Do you still use Udines system or did you change your trading style already? Gud luck and stay green always. Jibala
ok thx, i have similar spreads and i am using the same broker as udine;-)

i have been trading the method for several months, but the results were not satisfying for me.
but i subscribed to the thread and found good things on it.
also, the idea of taking 5 pips, i.e. scalping, had always appealed to me. i will keep watching.
but at the moment I am trading for a different approach.
trading is like dancing, don't think and just listen to the music!
  • #35,110
  • May 4, 2020 7:01am May 4, 2020 7:01am
Bonus Trade on AJ
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I also wanted to take the AU but was a little bit too late.

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,111
  • May 5, 2020 4:27am May 5, 2020 4:27am
Gud morning (or whatever time it may be in your part of the world) everybody. Yet another trading day which I did not start very successful. So lets see what I still can get out of this day.

As always I took screenshot of CSM first, starting just before Frankfurt open.
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The JPY dropped down so I saw a good opportunity for GJ and EJ
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With support of the DO I was sure it will move to target but sadly it failed for some mere pipettes. Oh btw, before some will mention again about the indication on the bottom: IT WAS GREEN! The indicator is repainting!
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EJ on 2nd attempt was successful.
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2nd Trade on GJ successful (So many burpees again this morning. I'm tired already!)
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The 1st Trade was set just before London open so I just forgot about it when I setup the 2nd (shit happens! This time it was to my favour)
2020.05.05 09:54:40.201 Script UdinesGlobalInstantBUYStop50 GBPUSD,M15: loaded successfully (My Broker is 1h ahead)
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Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,112
  • May 5, 2020 5:05am May 5, 2020 5:05am
Something I want to mention, because I read a lot of "how to avoid from false entry" or "how to know trend will move into my direction" and many more like that.

Rule No.1: If you doubt, stay out!

You can't avoid losses instead you have to accept losses as part of this business. If you don't, do not run a business at all. In the entire businesses around the world there are losses on every day. Try to accept those losses and learn how to manage it.

The good thing in this kind of business, you can run a trial as long as you're not confident enough. Start up a system and set up the rules for the system. And hopefully you will fail many times until you reach the bottom. Then "rinse and repeat" and if the learning curve then goes up, you're on a good way.

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,113
  • May 5, 2020 5:21am May 5, 2020 5:21am
Bonus Trade on GU
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Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,114
  • May 6, 2020 2:29am May 6, 2020 2:29am
Hello world!

CSM this morning just before Frankfurt open.
Attached Image

To me the market has no clear direction, choppy and pairs are not synced. Too much risky at the moment.

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,115
  • May 6, 2020 3:40am May 6, 2020 3:40am
Sadly I missed the breakout at 10 am. Now I have to wait for a pullback and hopefully will get 1 or 2 good setups.

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,116
  • May 6, 2020 9:01am May 6, 2020 9:01am
It took me a strong amount of patience to take these trades. But finally, patience is one key to success!
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Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,117
  • May 6, 2020 5:09pm May 6, 2020 5:09pm
Hi Jibalapasan Thanks for your continues contribution here its Gold
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,118
  • May 7, 2020 1:46am May 7, 2020 1:46am
Hello to the world and good morning to everybody!

What a start in the day. I opened the charts and directly saw my setups. With friendly support of the GBP which additional pushed to the news, it took some minutes only to target. That's how I like it the most.

CSM before Frankfurt open:
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The JPY dropped down to almost zero during the GBP News.
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Sorry for violating on NZD!

Gud luck guys and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,119
  • May 8, 2020 8:32pm May 8, 2020 8:32pm
Quoting JibalaPasan
Hello to the world and good morning to everybody! What a start in the day. I opened the charts and directly saw my setups. With friendly support of the GBP which additional pushed to the news, it took some minutes only to target. That's how I like it the most. CSM before Frankfurt open: {image} The JPY dropped down to almost zero during the GBP News. {image}{image}{image} Sorry for violating on NZD! Gud luck guys and stay green always. Jibala
Hi JibalaPasan,

I've been reading again this threads again after being in hibernation for a while from forex.
Kindly assist on how to display the chart you are posting here. I downloaded all indicators
in page 1 but there must be some lacking ones as the chart I have is not close to what
you have been displaying here. Kindly also point me to the thread that will help in interpreting
what is being displayed. The thread has grown to such a big one that it is tough to find the
needed information. Hope for your assistance on the above.

Thanks,
  • #35,120
  • May 8, 2020 9:16pm May 8, 2020 9:16pm
Quoting Jstan
{quote} Hi JibalaPasan, I've been reading again this threads again after being in hibernation for a while from forex. Kindly assist on how to display the chart you are posting here. I downloaded all indicators in page 1 but there must be some lacking ones as the chart I have is not close to what you have been displaying here. Kindly also point me to the thread that will help in interpreting what is being displayed. The thread has grown to such a big one that it is tough to find the needed information. Hope for your assistance on the above. Thanks,...
This is what is displayed in my chart. Kindly advise how to get it right as per your chart.

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